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Goldman Sachs 1MDB Case Moved to Higher Court in Malaysia

  • Court transfer of case against third Goldman unit delayed
  • Bank faces charges of misleading investors over 1MDB bond sale
Goldman Is Said to Be Part of Singapore's Wider 1MDB Probe
Photographer: Nicky Loh/Bloomberg

Two Goldman Sachs Group Inc. units facing criminal charges for their alleged role in the 1MDB scandal had their cases moved to a higher court in Malaysia.

The High Court on Monday approved the transfer from the Magistrate’s Court for the charges against Goldman Sachs (Asia) LLC and Goldman Sachs International (UK). The petition to transfer the case against a third unit, Goldman Sachs (Singapore), is still pending and will be reviewed at another hearing on Dec. 26.